Property profile

1111 Lexington Ave Mansfield, OH 44907

OFF-MARKET
Investment properties
Property ID
US66-2593622
3,022 SF 0.25 ac lot Built 1955
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a four-unit office building complex located at 1111 and 1115 Lexington Avenue in Mansfield, Ohio. The property consists of two buildings, each housing two units, totaling 4 units for sale as a single package. The buildings offer a combined off-street parking lot and garage parking, providing ample space for tenants and visitors. Currently configured as office space, this property presents significant potential for conversion to residential use, catering to a diverse range of buyers and investors. Two of the four units are currently occupied, generating immediate rental income. The property's prime location in Mansfield offers easy access to local amenities, transportation routes, and a thriving community. This is an ideal opportunity for an investor seeking a multi-unit property with strong rental potential and the flexibility to adapt to changing market demands. The asking price for this unique package is $310,000. Detailed financial information and property specifics are available upon request. This is a rare opportunity to acquire a well-situated, multi-unit property in a desirable location. Don't miss out on this chance to expand your investment portfolio or develop a unique residential or commercial venture. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1955
Total area 3,022 SF
Lot 0.25 ac (10,803 SF)
APN 027-07-171-03-000
UPID US66-2593622

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Counselor Psychiatrist

Location

1111 Lexington Ave Mansfield, OH 44907-2251
Mansfield metro Census 1100 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2025
Last sale
$150,000
2 recorded transactions
2025
$150,000
2007
$175,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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